Cantor Fitzgerald L. P. purchased a new position in INNOVATE Corp. (NYSE:VATE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,247 shares of the company's stock, valued at approximately $246,000. Cantor Fitzgerald L. P. owned approximately 0.37% of INNOVATE as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Aristeia Capital L.L.C. purchased a new stake in shares of INNOVATE during the fourth quarter worth $67,000. Northern Trust Corp grew its position in shares of INNOVATE by 75.5% in the fourth quarter. Northern Trust Corp now owns 19,619 shares of the company's stock valued at $97,000 after purchasing an additional 8,440 shares during the last quarter. MSH Capital Advisors LLC bought a new stake in shares of INNOVATE in the fourth quarter valued at approximately $73,000. Geode Capital Management LLC grew its position in INNOVATE by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 123,674 shares of the company's stock worth $611,000 after purchasing an additional 1,962 shares during the last quarter. Finally, ARS Investment Partners LLC raised its holdings in INNOVATE by 38.1% in the 4th quarter. ARS Investment Partners LLC now owns 85,170 shares of the company's stock valued at $421,000 after acquiring an additional 23,500 shares in the last quarter. 34.28% of the stock is owned by institutional investors and hedge funds.
INNOVATE Trading Up 9.6 %
NYSE VATE traded up $0.62 on Friday, reaching $7.10. The company's stock had a trading volume of 63,814 shares, compared to its average volume of 194,246. The business has a 50-day moving average price of $6.94 and a 200 day moving average price of $7.14. The firm has a market cap of $94.31 million, a PE ratio of -1.98 and a beta of 2.23. INNOVATE Corp. has a 52 week low of $3.25 and a 52 week high of $13.79.
INNOVATE (NYSE:VATE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.89) EPS for the quarter. The company had revenue of $274.20 million during the quarter.
INNOVATE Profile
(
Free Report)
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.
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